Kevin L. Thompson - Mar 9, 2023 Form 4 Insider Report for PACWEST BANCORP (PACW)

Role
EVP, CHIEF FINANCIAL OFFICER
Signature
/s/ Angela M.W. Kelley, Attorney-in-Fact
Stock symbol
PACW
Transactions as of
Mar 9, 2023
Transactions value $
-$154
Form type
4
Date filed
3/13/2023, 08:14 PM
Previous filing
Feb 10, 2023
Next filing
Mar 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PACW Common Stock 30.9K Mar 9, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PACW Sold Put Option (obligation to buy) Sale -$154 -125 -50% $1.23* 125 Mar 9, 2023 Common Stock 12.5K $22.50 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 9, 2023, the Reporting Person wrote put option contracts pursuant to which the Reporting Person will be required to purchase shares of the Issuer's Common Stock at the stated strike price if the counterparty exercises the put option on or before March 17, 2023.